Naira Hits Record Low of N1100/$1 at Parallel Market

Nume Ekeghe

The Naira faced further depreciation in value on Wednesday at the parallel market, reaching an all-time low of N1100/$1, a decline from the previous rate of N1060/$1 reported on Tuesday.

The Nigerian currency closed at N848.12/$1 at official market Tuesday, against N778.80/$1 reported on Monday.

Details later..